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Prospect News home > News index > List of issuers P > Headlines for Packaging Corp. of America > News item |
S&P assigns BBB to Packaging Corp.
S&P said it assigned its BBB issue-level rating to Packaging Corp. of America’s proposed $900 million senior unsecured notes, which are expected to be sold in 10-year and 30 year maturities.
The company will use the proceeds and balance sheet cash to fully redeem its $500 million senior unsecured notes due 2020 and its $400 million senior unsecured notes due 2022 and to pay related transaction fees.
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